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Monday, June 10, 2019

Market Rally Will Stall This Week - Trading Range Ahead


One Option Trading Blog http://bit.ly/2MBrc9X Posted 9:30 AM ET - The market rebounded more than 150 S&P 500 points in the span of a week. Soft global manufacturing PMI's, declining ISM manufacturing and a light jobs report did not dampen investor spirits. Dovish comments from the Fed sparked buying. The news is light this week and I'm expecting a trading range. Global economic conditions are deteriorating. England posted a .4% decline in GDP. Last week Germany halved its GDP growth forecast for 2019 to .6%. Manufacturing in all of the major European economies is contracting. Japan, Taiwan and South Korea also have declining manufacturing PMI's and …

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